12pm update - almost there

Sp'500 makes it to the 1573s, we're just 4pts from challenging the Oct'2007 high. The daily MACD cycle is still suggestive of 'a further little brief upside'..which right now seems more likely at the Wednesday open, than later today.  Precious metals remain under heavy artillery fire.


sp'60min

sp'daily5

Summary

I suppose you could count a sub'3 of final 5 now complete..with just a tiny little 4 down..and then tiny'5 up Wed/Thur.

Regardless...we're about there. Might be mere hours..might be a day or two.

I'm really not going to get too fixated on exact levels...its largely pointless.
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*Rather than short an index, I have eyes on USO...which is starting to really get stuck in the mid 34s - with Oil @ $96

VIX update.



back at 2pm